Czech Republic Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
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Czech Republic Defense Market Report Overview
As of 2023, the Czech Republic defense budget was worth $4.7 billion. The country’s defense budget is set to see high levels of growth, registering a CAGR of more than 9% between 2024 and 2028. Factors such as the significant changes in the defense and security posture of the Czech Republic as a result of Russia’s 2022 full-scale invasion of Ukraine and expansion of military capability are driving the Czech Republic’s defense market growth.
Czech Republic Defense Market Outlook, 2023-2028 ($ Billion)
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The Czech Republic defense market research report provides the market size forecast and the projected growth rate for the next five years. Furthermore, our analysts have carried out a comprehensive industry analysis to determine key market drivers, emerging technology trends, key sectors, and major challenges faced by market participants, in this report. The Czech Republic defense market study has also assessed key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
Market Size (2023) | $4.7 Billion |
CAGR (2024-2028) | >9% |
Forecast Period | 2024-2028 |
Historical Period | 2019-2023 |
Key Sectors | · Military Fixed Wing Aircraft
· Tactical Communication Systems · Military Simulation & Training · Electronic Warfare Systems · INS GNSS |
Leading Companies | · BAE Systems Plc
· AERO Vodochody AEROSPACE AS · Aircraft Industries AS · Aviation Service AS · Ceska zbrojovka AS |
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Czech Republic Defense Market Drivers
The key factors driving the Czech Republic defense market growth are NATO and European security, military expansion, and developments in the defense industry.
NATO and European security: The war in Ukraine captured the attention of Europe’s security apparatus owing to its short-term as well as long-term consequences. Central and Eastern Europe has responded strongly to this crisis in part due to an antagonistic history with Russian foreign policy ambitions. In addition, the Czech Republic has been a major donor of aid to Ukraine and has also increased its own military funding.
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Czech Republic Military Doctrines and Defense Strategies
Doctrine: The Czech Armed Forces comprise the army and air force, as it is a landlocked country. Along with its primary mission to safeguard Czech citizens and territory, the country also supports its political allies and promotes international stability. According to a 2023 MoD strategy document, the Czech defense strategy ultimately rests on three pillars:
- A responsible approach to state defense and the support of allies
- A well-equipped and capable armed forces
- Defense as a civic duty
The Czech Republic also states that it views the strategy primarily through the lens of its membership of both NATO and the EU. In addition, the country considers Article 5 as both an important principle for its own defense sector as well as a commitment that must be upheld by the republic itself to support allies who in turn contribute to Czech security.
In its 2023 strategy document, the Czech government unambiguously states that Russia is ‘the biggest immediate and long-standing threat to European security and the rules-based order. Thus, to respond efficiently to such a crisis, the forces are reconfiguring their national command structure and its relationship with the civil defense apparatus to form a nexus between civil and military responses. New tactical communications systems and cybersecurity infrastructure are a key part of this initiative.
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Czech Republic Defense Market Segmentation by Sectors
The key sectors in the Czech Republic defense market are military fixed-wing aircraft, tactical communication systems, military simulation & training, electronic warfare systems, and INS GNSS among others. In 2023, the most attractive sector in the Czech Republic’s defense market was military fixed-wing aircraft, and is expected to continue its dominance in the coming years. This is attributed to the Czech Air Force’s program to replace its JAS39 Gripens with the F-35A.
Czech Republic Defense Market Analysis by Sectors, 2023 (%)
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Czech Republic Defense Market - Competitive Landscape
A few of the leading defense companies operating in Czech Republic are:
- BAE Systems Plc
- AERO Vodochody AEROSPACE AS
- Aircraft Industries AS
- Aviation Service AS
- Ceska zbrojovka AS
BAE Systems Plc is a defense contractor and systems integrator. The company provides defense, aerospace, and security solutions related to air, land, and maritime. Advanced electronics, cybersecurity and intelligence, information technology solutions, and support services are a few of BAE’s product offerings. The company also designs, manufactures, and supplies military aircraft, space systems, surface ships, submarines, and guided weapon systems among others.
Czech Republic Defense Market Analysis by Companies
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Segments Covered in the Report
Czech Republic Defense Market Sectors Outlook (Value, $ Billion, 2019-2028)
- Military Fixed-Wing Aircraft
- Tactical Communication Systems
- Military Simulation & Training
- Electronic Warfare Systems
- INS GNSS
Scope
The report provides:
- Czech Republic defense budget: A detailed analysis of the Czech Republic 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
- Regulation: A comprehensive overview of the Czech Republic’s military procurement regulation coupled with an analysis of military doctrine and strategy.
- Security Environment: Information about political alliances and perceived security threats to the Czech Republic to explain trends in spending and modernization.
- Import and Export Dynamics: An analysis of prevalent trends in the country’s imports and exports over the last five years.
- Competitive landscape and strategic insights: An overview of the competitive landscape of Czech Republic’s defense industry.
Key Highlights
• Drivers of Defense expenditure include the war in Ukraine, significant tensions with Russia, commitments to the NATO alliance and ongoing contributions to international peacekeeping and stability operations via the UN and EU.
• Major ongoing procurement programs include the acquisition of F-35A fighters, new air defense systems, and new armored fighting vehicles for the Army. The Czech Republic is in the process of rapidly replacing an array of Cold War-era Soviet platforms.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the Czech Republic defense market over the next five years.
- Understand the underlying factors driving demand for different defense and internal security segments in the Czech Republic market and identify the opportunities offered.
- Identify the major threats that are impacting the Czech Republic defense market and assess future opportunities that can be tapped for revenue expansion.
- Channel resources by focusing on the ongoing programs that are being undertaken by the Czech Republic government.
- Make smart business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.
IAI
Rheinmetall
BAE Systems
Excalibur
Czechoslovak Group
Česká zbrojovka
Table of Contents
Table
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Frequently asked questions
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What was the Czech Republic defense market size in 2023?
The defense market size in the Czech Republic was $4.7 billion in 2023.
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What will the Czech Republic defense market growth rate be during the forecast period?
The defense market in the Czech Republic is expected to achieve a CAGR of more than 9% during 2024-2028.
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Which was the leading sector in the Czech Republic defense market in 2023?
Military fixed-wing aircraft was the leading sector in the Czech Republic defense market in 2023.
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Which are the key companies operating in the Czech Republic defense market?
The leading defense companies operating in the Czech Republic are BAE Systems Plc, AERO Vodochody AEROSPACE AS, Aircraft Industries AS, Aviation Service AS, and Ceska zbrojovka AS.
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